New York Life Investment Management LLC Purchases 1,569,805 Shares of Global X U.S. Preferred ETF $PFFD

New York Life Investment Management LLC grew its position in Global X U.S. Preferred ETF (NYSEARCA:PFFD) by 562.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,848,925 shares of the company’s stock after purchasing an additional 1,569,805 shares during the quarter. New York Life Investment Management LLC owned approximately 1.54% of Global X U.S. Preferred ETF worth $34,815,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PFFD. Janney Montgomery Scott LLC boosted its stake in shares of Global X U.S. Preferred ETF by 51.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 49,728 shares of the company’s stock valued at $947,000 after purchasing an additional 16,804 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Global X U.S. Preferred ETF by 6.8% in the 1st quarter. Sunbelt Securities Inc. now owns 16,395 shares of the company’s stock valued at $312,000 after purchasing an additional 1,050 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Global X U.S. Preferred ETF by 47.2% in the 1st quarter. Golden State Wealth Management LLC now owns 8,626 shares of the company’s stock valued at $164,000 after purchasing an additional 2,765 shares during the last quarter. Prairiewood Capital LLC boosted its stake in shares of Global X U.S. Preferred ETF by 13.5% in the 1st quarter. Prairiewood Capital LLC now owns 338,789 shares of the company’s stock valued at $6,451,000 after purchasing an additional 40,395 shares during the last quarter. Finally, Summit Trail Advisors LLC bought a new stake in shares of Global X U.S. Preferred ETF in the 1st quarter valued at $190,000.

Global X U.S. Preferred ETF Stock Up 0.3%

NYSEARCA:PFFD opened at $19.52 on Tuesday. The firm’s fifty day moving average is $19.50 and its 200-day moving average is $19.06. Global X U.S. Preferred ETF has a 52 week low of $17.81 and a 52 week high of $20.80.

Global X U.S. Preferred ETF Company Profile

The Global X U.S. Preferred ETF (PFFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of US preferred stocks, selected and weighted by market value. PFFD was launched on Sep 11, 2017 and is managed by Global X.